Analysts Expect Intelsat SA (NYSE:I) Will Post Quarterly Sales of $502.59 Million

Wall Street brokerages expect Intelsat SA (NYSE:I) to announce sales of $502.59 million for the current quarter, according to Zacks. Two analysts have provided estimates for Intelsat’s earnings, with the highest sales estimate coming in at $505.17 million and the lowest estimate coming in at $500.00 million. Intelsat reported sales of $537.71 million during the same quarter last year, which would suggest a negative year over year growth rate of 6.5%. The business is scheduled to report its next earnings results on Tuesday, July 30th.

On average, analysts expect that Intelsat will report full year sales of $2.03 billion for the current fiscal year, with estimates ranging from $2.03 billion to $2.04 billion. For the next financial year, analysts expect that the firm will report sales of $1.98 billion, with estimates ranging from $1.96 billion to $2.00 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Intelsat.

Intelsat (NYSE:I) last posted its earnings results on Tuesday, April 30th. The technology company reported ($0.87) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.61) by ($0.26). The business had revenue of $528.40 million for the quarter, compared to the consensus estimate of $523.74 million. The firm’s quarterly revenue was down 2.8% on a year-over-year basis. During the same period last year, the company earned ($0.56) earnings per share.

Several research firms have commented on I. Zacks Investment Research downgraded shares of Intelsat from a “hold” rating to a “sell” rating in a research report on Wednesday, March 27th. Morgan Stanley reduced their price objective on shares of Intelsat from $24.00 to $22.00 and set an “equal weight” rating for the company in a research note on Thursday, May 16th. JPMorgan Chase & Co. upgraded shares of Intelsat from a “neutral” rating to an “overweight” rating and set a $27.00 price objective for the company in a research note on Wednesday, April 3rd. Finally, Evercore ISI initiated coverage on shares of Intelsat in a research note on Monday, February 25th. They issued an “outperform” rating and a $50.00 price objective for the company. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. Intelsat presently has an average rating of “Hold” and a consensus price target of $29.71.

I stock opened at $18.39 on Thursday. Intelsat has a 12 month low of $14.75 and a 12 month high of $37.70.

Large investors have recently added to or reduced their stakes in the stock. PointState Capital LP increased its holdings in Intelsat by 7.0% in the 1st quarter. PointState Capital LP now owns 3,922,422 shares of the technology company’s stock valued at $61,425,000 after buying an additional 257,727 shares during the period. Norges Bank bought a new stake in Intelsat in the 4th quarter valued at $33,155,000. Dimensional Fund Advisors LP increased its holdings in Intelsat by 38.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,514,223 shares of the technology company’s stock valued at $23,711,000 after buying an additional 423,045 shares during the period. Morgan Stanley increased its holdings in Intelsat by 167.3% in the 1st quarter. Morgan Stanley now owns 987,214 shares of the technology company’s stock valued at $15,460,000 after buying an additional 617,906 shares during the period. Finally, Centerbridge Partners L.P. increased its holdings in Intelsat by 3,504.2% in the 4th quarter. Centerbridge Partners L.P. now owns 857,800 shares of the technology company’s stock valued at $18,349,000 after buying an additional 834,000 shares during the period. Hedge funds and other institutional investors own 93.79% of the company’s stock.

About Intelsat

Intelsat SA, together with its subsidiaries, provides satellite communications services worldwide. The company offers a range of communications services to media companies, fixed and wireless telecommunications operators, data networking service providers for enterprise and mobile applications in the air and on the seas, multinational corporations, and Internet service providers; and commercial satellite communication services to the U.S.

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